A new ETF, the Lion-OCBC Securities Singapore Low Carbon ETF (Lion-OCBC Low Carbon ETF) will be listed on the local Singapore Exchange on 28 Apr 2022. The investment objective of the ETF is to replicate the performance of the iEdge-OCBC Singapore Low Carbon Select 50 Capped Index (the Index). The Index, in turn, tracks the top 50 companies representative of Singapore with a focus on index decarbonisation, which is achieved by the selection of constituents with minimal involvement in fossil fuels and through the implementation of the Carbon Performance Exclusion Criteria.
I had gathered the above information from the brochure of the said ETF. Though it is a mouthful, in short it is an ETF that tracks the top 50 Singapore-based companies with low carbon footprint (my take).
Here is a summary of the details on the Lion-OCBC Low Carbon ETF:...